Charles Schwab Investment Management Inc. Purchases 16,272 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Charles Schwab Investment Management Inc. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,416 shares of the software maker's stock after buying an additional 16,272 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.28% of SPS Commerce worth $88,576,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SPSC. State Street Corp raised its position in shares of SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker's stock worth $280,398,000 after purchasing an additional 16,357 shares during the period. Geode Capital Management LLC increased its stake in SPS Commerce by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker's stock valued at $182,287,000 after purchasing an additional 14,174 shares in the last quarter. FMR LLC raised its holdings in SPS Commerce by 18.3% during the third quarter. FMR LLC now owns 677,145 shares of the software maker's stock worth $131,481,000 after buying an additional 104,769 shares during the last quarter. Geneva Capital Management LLC lifted its stake in shares of SPS Commerce by 0.5% in the third quarter. Geneva Capital Management LLC now owns 443,787 shares of the software maker's stock valued at $86,170,000 after buying an additional 1,994 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock valued at $84,747,000 after buying an additional 210,284 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Remove Ads

SPS Commerce Price Performance

Shares of SPS Commerce stock traded up $6.38 on Friday, reaching $129.43. 784,798 shares of the company traded hands, compared to its average volume of 315,904. The firm has a market capitalization of $4.89 billion, a PE ratio of 63.45 and a beta of 0.92. The company has a 50 day moving average of $163.76 and a 200 day moving average of $180.25. SPS Commerce, Inc. has a 52 week low of $122.58 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the sale, the chief financial officer now owns 147,002 shares of the company's stock, valued at approximately $26,620,592.18. This represents a 5.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,695 shares of company stock worth $7,781,086 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPSC. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Piper Sandler dropped their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC decreased their price target on SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Northland Securities restated a "market perform" rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Robert W. Baird reduced their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.11.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.